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Nevada Copper Corp. (NEVDF)
Other OTC - Other OTC Delayed price. Currency in USD
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The fans are past due and should be installed.
Are they holding off on the news.
Everything should be in place and the fans should be a simple install.
I posted this note on the SH board but got minimal replies. I little in terms of replies. Perhaps people here can provide some insights.
There is much confident talk here that Pala is manipulating the share price downward.
Since they and two other big mining investment companies own half the company, why would they do that?
There are two possible reasons:
-they want to take over the company. As I have noted in the past, BC has pretty good laws requiring agreement of the minority shareholders that would mitigate against a takeover at a historically low price.
-they want to finance once again at a low price. I guess that could be relevant if they expect to need financing to maintain progress in getting the mine going and they have minimal production to create cash flow.
One longer term explanation is to scoop up the shares that will be issued for the pit financing but that would be perhaps a year or more away. I cannot see any gain to them to keep the price low now for a financing one or two years in the future. Moreover, if they were not going to provide the capital for the financing, then it is in their interest to get the share price up, not down.
Companies do not depress their share price without a reason. If that is what is happening, it has to be for one or more of the reasons listed above, or some other more hidden reason.
Countering the above arguments, and leading to the conclusion manipulation is not going on for long are the big purchases made by Solway and the other company, and the insider buys, which do not benefit from any of the reasons above to keep the price low.
I welcome the views of others on these points.
Fans, note in Dec they were due to complete in January. 12 days later it became end of Q1.
good news is, copper price isn't falling as hard as the big index.....so far anyway!
m "Proven and Probable" Andrew Hecht on NCU
This is a brief extract of this highly positive piece:
Two groups in the know have made significant investments
Solway Investment Group is a private international mining and metals group with headquarters in Switzerland. Solway specializes in nickel production with mines and smelting plants in Guatemala, Ukraine, Russia, Indonesia, and Macedonia. The group has over 5,000 employees, is expanding its focus in battery metals, and recently invested US$30 million for a 10% stake in Nevada Copper.
Mercuria Energy Group Ltd. is a multinational commodity trading company active in global energy, metals, and agricultural markets. The company dates back to 2004 when two ex-Phibro executives, Marco Dunard and Daniel Jaeggi departed after Citigroup sold Phibro to Occidental Petroleum. The company recently closed an oversubscribed $2.2 billion multi-year secured borrowing base credit facility with a collection of international financial institutions. Mercuria is one of the world’s leading and growing commodities trading companies, with core exposure in energy. Mercuria’s goal is a 50% portfolio in renewable energy over the coming five years and invested US$30 million for a 10% stake in Nevada Copper.
Solway and Mercuria are top organizations in the international commodities business, with tentacles reaching across the globe. Both companies put their capital up as they see the compelling potential for Nevada Copper’s properties and business plan.
In my view, the investment by these two companies goes a very long way in relieving any concerns I have about Pala somehow grabbing the company with a very low offer. These two mining investors would not be here if there were a big risk of a low price buyout. Rather their purchases indicate the probability of a solid payoff is good.
1:10 reverse split recent September. 48% share insider, 3,9% shares institutions, 7.6% float institutions. 2.2 beta. How about pushing for revenue by doing what mining does?
Leo, ur a #$%$ or is it #$%$ Check who bought 75,000 shares on 12/31, insider. And a little bit from urs truely.....yup that guy surely must want a lower price.
Tired of the vague mining reports... agh
Numbers we need are TPD mined... not hoisted... and TPD concentrate shipped at what concentration.
Everything else is Bob Sledding.
No we can vote. However now that Pala has diluted into a bigger position the have. Nearly 40% of the vote.
Now we can vote, Is it ethical for Pala to be able to vote on something they can directly gain on.
More dilution is in the cards near horizon!
Stockholders will get torched again !
The New Year will be stellar for copper and a few other metals for electronics, EV, Space, Semi Conductor industry. They will be upping production in January, this price is such a gift! Happy New Year all, may we all prosper in 2022
Insider purchase from Simply Wall St
Non Executive Chairman recently bought CA$53k worth of stock
On the 31st of December, Stephen Gill bought around 75k shares on-market at roughly CA$0.71 per share. In the last 3 months, there was an even bigger purchase from another insider worth CA$122k. Stephen has been a buyer over the last 12 months, purchasing a net total of CA$83k worth in shares.
Noticing bashers coming on board. The volume tday is showing big interest so bash away. People know this is doing well and will get much better after January. Metal prices rising with EV and META demands. NCU beefing up mining capacity as we speak. Due for a price jump up after recent price activity. In good position finance wise. This will do great for 2022. GLTA
Copper demand will see a huge increase for electronics, EV and AI function in 2022. Hang in there, this should rise dramatically and they see this so they are upping production. Diamond Hands 2022
so no chance of more dilution until January 25th?
wonder if we'll get operational update this week....
How has NCU stock gone from 60$CAD to 60 cents in ten years?
Brand new @ .5536. Wish me luck. Glta
Are Metals the New Oil? (Price of Copper Today US$4.45.)
Pala share cost
Notgnu over on SH has posted a summary of Pala purchases and costs, to add to his previous messages on that topic.
His estimate is that Pala has an average cost of $2.48 Cdn for their 167.8 million post r/s shares, for which they have paid around $415 million. With some warrants still to be converted at $1 (ignoring the older warrants) they could reduce their costs by a bit, say down to $2.30 or so.
Assuming that VC investors seek at least 100 return on their investments, this suggests to me that Pala would be looking for a price of around $5 for a sale of the company, ignoring the potential for much more copper to be turned into proven and probable reserves over the coming year or so.
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